NFIB State Executive Director Bill Herrle says the upcoming back-to-school sales tax holiday is a good opportunity for people who support local businesses still recovering from the COVID-19 economic downturn. Florida’s sales tax holiday on certain clothes, computers, and school supplies is July 31-Aug. 9.
“Business may be stronger than it was a year ago, but it still isn’t as strong as it was before the pandemic,” Herrle said. “The disruption to Florida’s economy impacted all kinds of businesses, but it’s been especially challenging for small businesses. We need to support the small businesses that do so much to support Florida’s economy.”
Small businesses account for 99.8% of all employers in the state, and they employ 41.7% of the state’s workforce, according to the U.S. Small Business Administration. A study by American Express found that 67 cents of every dollar spent at a small business stays in the community and creates an additional 50 cents in local business activity as employees and owners purchase local goods and services.
“By shopping small during this year’s tax holiday, we can help the local businesses get back on their feet,” Herrle said.